| View this email online The Wire Oct.6, 2021 TPG and Riata Capital close single-asset processes, Inflation concerns creep into private markets Happy Wednesday! Single-asset processes have become an almost routine part of the industry these days -- another option available to GPs looking to sort out older funds holding portfolio companies. I’ve been asking around whether it’s become almost an expectation among sellers that a financial adviser offer not only traditional M&A or public listing exit tracks, but also the single-asset secondary path. Some sources believe this is the case, but I've been getting mixed reviews on this one. “Ideally, you should be trying all three tracks to maximize value, but can that really happen?” said one secondary buyer. Meanwhile, TPG and Riata Capital closed single-asset processes recently. TPG successfully moved its portfolio talent agency CAA out of its Fund VI and into a continuation pool, while Riata completed a similar process for its company AEG Vision. That’s it for me! Have a great Wednesday. Reach me with tips n’ gossip, feedback or book recs at [email protected] or find me on LinkedIn. Read the full wire commentary on PE Hub... Also of note (may require subscriptions) Bio: ArchiMed acquired Xpress Biologics, which provides plasmid DNA for advanced therapy medicinal products. Founders Christian Rodriguez, Philippe Ledent and Marc Daukandt will be reinvesting all their proceeds back into Xpress Biologics. Read more here. Promoted: JMI Equity promoted Randy Guttman to general partner, chief operating officer, and Jeremy Curley to senior director. Guttman joined JMI in 2007 and Curley joined in 2018. Read more here on PE Hub. Inflation: Concerns about inflation remain low among fund managers, but a small minority believe markets could be facing a more structural shift. One factor that could have a long-term effect on inflation is the amount of government support in the markets. Read it here on Private Debt Investor. PE Deals They said it “We are mindful and concerned about inflation. We have a combination of supply constraints, labor cost inflation and general price inflation across a multitude of sectors and this could be more permanent than markets are currently giving credit.” Anthony Robertson, managing partner and chief investment officer of Cheyne Strategic Value Credit, talks about inflation concerns. Today's letter was prepared by Chris Witkowsky Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article. FIND OUT MORE Please visit Buyouts for the latest insight into LP activity and Venture Capital Journal for comprehensive coverage and analysis of what’s happening in VC. London | New York | Hong Kong PEI Media Group Ltd is registered in England no.6135779 Registered office: 7th Floor, 100 Wood Street, EC2V 7AN To update your PE Hub email preferences, or to unsubscribe, click here. | 